I wouldn’t set a hard number value for this. Make it based on how low income is defined, or something dynamic that can change over the years with inflation.
For example, in parts of California you could be making $80k and you would still be considered low income because of how expensive it is just to live there. After paying for housing, there won’t be much left over.
I wouldn’t set a hard number value for this. Make it based on how low income is defined, or something dynamic that can change over the years with inflation.
For example, in parts of California you could be making $80k and you would still be considered low income because of how expensive it is just to live there. After paying for housing, there won’t be much left over.
At minimum, tie it to inflation. But better yet, tie to cost of living and housing prices in a district.
Or to GDP, so lower income people will benefit from increase in productivity via lower taxes?